Imagine your company’s procurement processes without paperwork headaches, missed deadlines, and budget force majeure. Procurement orchestration platforms promise all that.
The rise of this type of software comes at a time when businesses face pressure to optimize costs, maintain compliance with ever-changing regulations, and much more. These platforms can take all the pieces of the procurement puzzle—finding suppliers, negotiating deals, placing orders, and paying bills—and make them all work together. It’s an ideal way to keep all your business data in a centralized place and get a complete view of your spending and overall financial operations.
Recognizing the unlimited potential and benefits of procurement automation, we’ve created a list of the top procurement orchestration platforms, bringing you the best of the best.
The Best Procurement Orchestration Software
Opstream is a cutting-edge AI-powered platform designed to make procurement — often seen as a complex and tedious task — surprisingly simple and enjoyable for everyone. It reduces the time spent on handling requests and cuts down on expenses while helping organizations spend less on software licenses and external consultants.
Most impressively, Opstream offers a fully customizable, self-service procurement process orchestration experience. You can easily set up your own procurement processes without writing any piece of code. In addition, this solution features real-time AI-powered analytics, instruments for direct and indirect procurement, intelligent vendor management, and over 100 useful integrations.
Key features of Opstream:
- Plug-and-play orchestration layer
- Duplication prevention
- Approval flow
- Approval on the go
- Vendor portal
- Vendor management
- Live collaboration
- Document repository
- Reminders and scheduled workflows
- Dashboards
Pricing:
Contact the Opstream team to get a custom quote based on your business needs.
Arkestro is predictive procurement orchestration software that helps businesses make smarter and faster purchasing decisions. The tool uses machine learning, game theory, and data science to analyze and learn from a company’s best buying practices.
Arkestro is super user-friendly and allows you to easily handle all types of purchases your company might make, from routine office supplies to expensive industrial materials. Customers have reported significant improvements in their procurement processes within just 60 days after Arkestro’s adoption.
Key features of Arkestro:
- Real-time recommendations
- Dynamic supplier feedback
- Pricing theory
- 1,000+ pre-build API integrations
Pricing:
Contact Arkestro for tailored pricing.
GEP SMART is a top procurement and supplier orchestration platform developed by the GEP giant. It’s a cloud-based system powered by artificial intelligence. The platform is built to manage both direct and indirect spending, giving you a comprehensive view of all your procurement activities.
A mobile-first approach is an important aspect of this procurement orchestration software. Financial experts often work remotely or on the go; that’s why GEP SMART paid special attention to optimizing the app for mobile devices.
Key features of GEP SMART:
- Spend analysis
- Savings tracking
- Sourcing
- Contract management
- Supplier management
- Procure-to-pay
- Mobile optimization
Pricing:
Contact GEP for tailored pricing.
ORO is an innovative procurement orchestration platform that uses generative AI to coordinate the various elements of procurement, including people, processes, and systems. ORO’s primary goal is to eliminate the frustration often associated with corporate buying.
The platform’s no-code design allows procurement teams to quickly adjust processes in response to changing business needs or new regulations. Thus, your employees don’t require extensive technical knowledge or managed IT support to make the most out of ORO’s extensive functionality.
Key features of ORO:
- Demand-to-pay
- Supplier management
- Risk orchestration
Pricing:
Contact ORO for pricing details.
Procurify combines procurement and accounts payable automation into a single, integrated orchestration solution. It can be the best software if you need to address financial challenges like unauthorized spending, inefficient manual tasks, and a lack of visibility into your company-wide expenses.
The platform offers detailed reports that allow finance teams to see exactly how each department or location is managing its budget. In addition, Procurify uses automated workflows to ensure purchases follow company policies, which helps reduce unapproved expenses.
Key features of Procurify:
- Spend management
- Real-time reporting
- Purchase requests
- Purchase orders
- Contract and vendor management
Pricing:
Pricing details are available on demand.
Precoro is the best procurement orchestration platform that streamlines the entire purchasing process, from initial requests to final orders. It’s built to clarify and structure a company’s spending habits, which can often be unclear or chaotic.
Precoro is particularly useful for businesses that have outgrown basic expense-tracking methods like spreadsheets. It offers more advanced features for complex purchasing needs, decreasing manual data entry by 80%. The platform is SOC 2 compliant, so it meets high standards for data security and privacy.
Key features of Precoro:
- Workflow scenario builder
- Document-based approvals
- Supplier database
- Real-time budget tracking
- Integrations with accounting, ERP, and business tools
Pricing:
- Core: starts at $249/month (if billed annually)
- Automation: starts at $999/month (if billed annually)
- Suite: custom price
SpendHQ is a sophisticated procurement and supplier orchestration platform that serves as a central hub for all spending-related information. It helps procurement teams identify new opportunities for cost savings, value creation, and risk reduction.
In addition, the software tracks the procurement process, allowing companies to see the impact of their efforts. The platform promises a fast “time-to-value” — you can start benefiting from SpendHQ really quickly. That’s what makes SpendHQ the best procurement orchestration platform for 500+ customers worldwide. It’s trusted by major corporations like Warner Bros Discovery and Decathlon.
Key features of SpendHQ:
- Spend Intelligence
- Procurement performance management
- Features to support ESG and supplier diversity goals
- Value reporting
- Spend compliance
Pricing:
Pricing details are available on demand.
Zycus is a solid predictive procurement orchestration tool that automates and centralizes each step of the procurement process. Thanks to its comprehensive functionality, different parts of the process that might typically be handled separately are integrated into one seamless system.
One of the best things about Zycus is how it uses data. Looking at patterns in a company’s buying habits, it can suggest the most optimal ways to save money or make better decisions.
Key features of Zycus:
- Automated workflows
- Intelligent exception management
- Inter-module and third-party integrations
- Real-time analytics and reporting
- Continuous improvement engine
Pricing:
Contact Zycus for pricing details.
ProcurerementWorks is a top procurement automation solution by Tonkean. The company claims to help businesses cut the time it takes to complete a purchase by half and free up employees’ time. Notably, ProcurerementWorks’s customers save an average of 30 hours of work per week by using this multifunctional platform.
This best procurement orchestration software can also handle a large volume of requests and helps automate billions of steps in the procurement process each year.
Key features of ProcurementWorks:
- Invoice automation
- Spend analytics and reporting
- Guided buying experience
- Contract renewals
- Collaborative intake for procurement
Pricing:
Pricing details are available on demand.
Ramp is one of the best procurement orchestration platforms in the market. It makes purchasing more controlled. The tool is designed so that every department involved in procurement, including finance, legal, IT, and security, can use it.
Ramp positions itself as an all-in-one solution. So, instead of using many different tools to manage different aspects of procurement and finance, you can use Ramp for every sort of need.
Key features of Ramp:
- Accounts payable
- Vendor management
- Reporting
- Enterprise-grade ERP integrations
Pricing:
- Ramp: free
- Ramp Plus: $15/month (billed annually)
- Ramp Enterprise: available on demand
Conclusion
The future of procurement management is undoubtedly digital, and these best procurement orchestration platforms are leading the market. They can help you do more than just stay afloat — they take your business to the next level of success by making buying decisions quicker, smarter, and better.
Choose the right procurement orchestration software for your needs, and it will give you an X-ray vision of your spending and other critical business processes.
If you want to feature your procurement orchestration software on this list, email us or submit a form in the Top Choices section. After a thorough assessment, we’ll decide whether it’s a valuable addition.
